SK2-F1065-032 e-file error

If Schedule K-2 (Form 1065), 'OtherCategoryDescriptionCd' in 'SchK2K3InterestIncomeGrp', has a value of "XX", then the corresponding 'USSourceIncomeAmt' and 'ForeignBranchIncomeAmt' and 'PassiveCategoryIncomeAmt' and 'GeneralCategoryIncomeAmt' and 'OtherCategoryIncomeAmt' must be zero, if amounts are entered.
This happens when Schedules K-2 and K-3, Part II, Section 1 uses Code XX and an entry is made at other sources except for Sourced by partner line at Organizer, Foreign Information, then Ptr Distributive Share-International, Foreign Tax Credit Limitation-II, then Gross Income at By Country folder.

Solution

  • In Organizer, select
    Foreign Information
    .
  • Select
    Ptr Distributive Share-International
    , then
    Foreign Tax Credit Limitation-II
  • Select
    Gross Income
    , then
    By Country
    .
  • Go to the
    Country name
    entry, make sure the
    Code XX
    is checked in the Country Code OR Category Code OR Code XX section.
  • If
    Code XX
    is checked, make sure that no other line under the
    Foreign Tax Credit Limitation - Gross Income
    section is populated, except for the
    Sourced by partner
    line.
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